This afternoon, Microsoft (MSFT) officially announced “Equipt,” a new package of low-end productivity software and hosted services. Essentially a subscription version of Microsoft Office, Equipt includes the latest versions of Word, Excel, PowerPoint, and OneNote, as well as Office Live Workspace, Windows Live OneCare and an assortment of Windows Live tools. The price? $69.99 per year.

But you have to make a trip to Circuit City, which will begin offering Equipt exclusively on July 5 (great choice of partners, guys).

A trip to the local big-box retailer? Interesting way to transition software users from a purchase-to-own model to a subscription-based one. Then again, $200+ worth of software for $70 is a pretty compelling proposition. Assuming you’re not already using OpenOffice and NeoOffice, which are, you know, FREE.

This afternoon, Microsoft (MSFT) officially announced “Equipt,” a new package of low-end productivity software and hosted services. Essentially a subscription version of Microsoft Office, Equipt includes the latest versions of Word, Excel, PowerPoint, and OneNote, as well as Office Live Workspace, Windows Live OneCare and an assortment of Windows Live tools. The price? $69.99 per year.

But you have to make a trip to Circuit City, which will begin offering Equipt exclusively on July 5 (great choice of partners, guys).

A trip to the local big-box retailer? Interesting way to transition software users from a purchase-to-own model to a subscription-based one. Then again, $200+ worth of software for $70 is a pretty compelling proposition. Assuming you’re not already using OpenOffice and NeoOffice, which are, you know, FREE.